A company purchases new cement manufacturing assets that cost $34 million. This is classified in the 15-year property class using MACRS-GDS. What would be the depreciation allowance and book value at the end of years 1 and 3 using MACRS with 50% bonus depreciation? Click here to access the TVM Factor Table Calculator. $ Depreciation allowance at the end of year 1: Book value at the end of year 1: $ $ Depreciation allowance at the end of year 3: Book value at the end of year 3: $ 1.7 32.3 2.924 27.076 million million million million Carry all interim calculations to 5 decimal places and then round your final answers to 3 decimal places. Please enter your answer in millions of dollars. The tolerance is +0.010.

A company purchases new cement manufacturing assets that cost $34 million. This is classified in the 15-year property class using MACRS-GDS. What would be the depreciation allowance and book value at the end of years 1 and 3 using MACRS with 50% bonus depreciation? Click here to access the TVM Factor Table Calculator. $ Depreciation allowance at the end of year 1: Book value at the end of year 1: $ $ Depreciation allowance at the end of year 3: Book value at the end of year 3: $ 1.7 32.3 2.924 27.076 million million million million Carry all interim calculations to 5 decimal places and then round your final answers to 3 decimal places. Please enter your answer in millions of dollars. The tolerance is +0.010.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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